Yesterday the EURUSD dropped, but the GBPUSD managed to rise. Today the GBPUSD is still rising and the EURUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD went down yesterday. The price finished the session slightly above 1.128. Today it is showing mixed sentiment. If the buyers take control over the market, the price might reach 1.13 and the R1 resistance level today. But if the bears show their strength, the price could drop to the S1 support level.
The GBPUSD managed to rise yesterday. The price finished the session above 1.325, a little below the EMA 77. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above 1.33 today. But if the bears counterattack, the price could return below the EMA 77.